By Adria Calatayud

 

Kraft Heinz Co. said Tuesday that it plans to invest 140 million pounds ($199 million) in Kitt Green, a food-manufacturing facility located near Wigan in the U.K.

The food company said this would be its biggest investment in an existing manufacturing site outside the U.S. in more than two decades. It could create up to 50 new full-time jobs, the company said.

The company also said this is one of the largest proposed investments in a British manufacturing facility after Brexit.

Kraft Heinz said it will bring Heinz sauce manufacturing back to the U.K., upgrade machinery and align the plant with its environmental, social and governance, or ESG, commitments as part of the investment.

The investment, which remains subject to final U.S. approvals from Kraft Heinz later in the year, will seek to modernize the site's manufacturing capabilities over the next four years, the company said.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

June 01, 2021 02:09 ET (06:09 GMT)

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